Email of the day on the outlook for Wall Street:
Comment of the Day

May 01 2019

Commentary by Eoin Treacy

Email of the day on the outlook for Wall Street:

Thank you for your analysis in Friday’s audio/video. very much appreciated. The Russell 2000 has been referred to by David and you as the canary in the coal mine. Could a break above 1600 signal the end of the consolidation in the stock market in the USA or do we maybe also need to see a further rise of the Dow Transport index? The USA banks and KBW banks index are trying to go up which is positive. As you can see, I am trying to find more reasons to signal the end of the consolidation.

We are entering the sell in May and go away period but last year September was a period to be back to sell and short the market. The value of this wisdom could be limited. could we accelerate before September? A number of USA shares as your mentioned are doing great. Can this market accelerate with a small breath basis?

My question is could the European indices follow the USA indices if and when they accelerate?

P.S. I asked Sarah some weeks ago to adjust the shares being incorporated in the Dutch AEX Imcd/Adyen have been added to the AEX and other shares were removed from the index

Eoin Treacy's view

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